MOm wants dead son's student loans forgiven

[a1tinkfans]

The passing of her son is tragic.
None the less, she should have to pay for the loan she co-signed. She chose to sign, and he chose to sign as well. I think she is lucky to be forgiven the other loans she also signed for.

Every Adult CHOOSES to either sign for a loan or not. Many people make the choice with eyes wide open. Some choose to avoid loans at all costs, which ultimately mean you/student just may not be able to afford to go to that "pick" of a school. Its called making an INformed, educated decision. This is interesting as just today they were saying (news) that almost 35% of college loan debt for graduates (who cant even get jobs) are going delinquent, along with similar credit card debt.
People need to make decisions they can live with, just like taking ANY loan that you have to pay back.
While I am empathetic to her situation, I am not in agreement to forgive her debt.

 

[sookie]

For my girls, they weren't offered enough in federal loans to cover the cost of college. I believe they were offered $5500. That isn't enough for tuition let alone housing.

We didn't take the loans. My girls live at home and are going to the college where my husband works and they both got scholarships, so we didn't have much cost this year and didn't need loans. But for most people, that wouldn't be enough to pay for college, and even working part time (like I did in college) wouldn't make up the difference).

......oh but I agree....it is best to try to never take out private loans. Our wonderful neighbors who lived across the street had two kids in college and they took out home equity loans to pay for their college. Then the dad lost his job, a few months later the mom lost her job....and then they lost their home (the house was just sold at an auction). I wish the bank would have worked out something with them. They were wonderful neighbors and we all miss them.

I think what you did is a wonderful plan! According to some on the dis - this is the next step to child abuse! haha!

 

[TinkTock]

I think that banks should only lend to borrowers who are a good risk. The problem is that when they did that with student loans, people complained that poor kids weren't able to get a college education. You can't have it both ways.